|Bid||10.91 x 0|
|Ask||11.38 x 0|
|Day's range||11.39 - 11.52|
|52-week range||8.50 - 11.52|
|Beta (5Y monthly)||0.50|
|PE ratio (TTM)||17.15|
|Forward dividend & yield||0.18 (1.68%)|
|Ex-dividend date||20 Apr 2023|
|1y target est||N/A|
Mercedes-Benz has taken another step towards embracing renewable energy to power its operations.
BERLIN (Reuters) -Mercedes-Benz said on Thursday it had signed a power purchase agreement (PPA) with Spain's Iberdrola for 140 megawatts (MW) of wind energy from a Baltic Sea wind park, part of automakers' push to make production costs more predictable. Production chief Joerg Burzer told Reuters that Mercedes was focusing on securing wind capacity in northern Germany and installing solar capacity in the south of the country, which gets more sunshine but is less windy. The Iberdrola deal, in which Mercedes will invest a three-digit million euro figure, means the carmaker has solar, onshore and offshore wind PPAs for capacity equivalent to half of its electricity demand in Germany by 2025, Burzer said in an interview.
The deal, with Siemens Gamesa, will build enough capacity to supply about 1.3 million homes when the wind is blowing, the company said.